Short Interest in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMSTW) Grows By 296.1%

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMSTW) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,731 shares, a growth of 296.1% from the May 14th total of 437 shares. Based on an average daily volume of 3,991 shares, the short-interest ratio is presently 0.4 days.

Foremost Lithium Resource & Technology Stock Performance

NASDAQ:FMSTW traded up $0.14 during mid-day trading on Thursday, hitting $0.81. 1,110 shares of the stock traded hands, compared to its average volume of 4,507. Foremost Lithium Resource & Technology has a 52 week low of $0.29 and a 52 week high of $1.47. The firm’s 50 day moving average is $0.84 and its two-hundred day moving average is $0.89.

About Foremost Lithium Resource & Technology

Foremost Lithium Resource & Technology, Inc is a special purpose acquisition company incorporated in Delaware. Its primary objective is to identify and complete a business combination with one or more operating businesses in the lithium resources and technology sectors. The company focuses on opportunities throughout the lithium value chain, including exploration, mining, refining and advanced processing technologies that support the electrification and energy storage markets.

Since its initial public offering, Foremost Lithium Resource & Technology has sought to leverage increasing global demand for battery-grade lithium sourced from both hard-rock and brine deposits.